Quarterly report pursuant to Section 13 or 15(d)

Contracts in Progress (Tables)

v3.7.0.1
Contracts in Progress (Tables)
3 Months Ended
Mar. 31, 2017
Property, Plant and Equipment [Abstract]  
Schedule Of Contracts In Progress [Table Text Block]
 
 
Successor
 
(in thousands)
 
March 31, 2017
 
December 31, 2016
 
Revenue earned on uncompleted contracts
 
$
520,565
 
$
532,549
 
Less: Billings to date
 
 
(524,958)
 
 
(539,780)
 
Net overbilling
 
$
(4,393)
 
 
(7,231)
 
 
 
 
 
 
 
 
 
The above is reflected in the accompanying condensed consolidated balance sheets as follows:
 
 
 
 
 
 
 
Costs and estimated earnings in excess of billing on uncompleted contracts
 
 
29,722
 
 
31,959
 
Billings in excess of costs and estimated earnings on uncompleted contracts
 
 
(34,115)
 
 
(39,190)
 
Net overbilling
 
$
(4,393)
 
$
(7,231)
 
Schedule Of Costs And Estimated Earnings In Excess Of Billings On Uncompleted Contracts [Table Text Block]
The current estimated net realizable value of such items as recorded in costs and estimated earnings in excess of billings on uncompleted contracts in the condensed consolidated balance sheets is listed below:
 
 
 
Successor
 
 
 
As of
 
As of
 
 
 
March 31, 2017
 
December  31, 2016
 
(in thousands)
 
 
 
 
 
Gross amount of unresolved change orders and claims
 
$
7,463
 
$
7,932
 
Valuation allowance
 
 
-
 
 
-
 
Net amount of unresolved change orders and claims
 
$
7,463
 
$
7,932